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It would be a good thing too. Sarbanes-Oxley is so onerous that it has killed the IPO market for small firms. IIRC $3-5M in legal and accounting fees for the I
by russell 17y ago
It would be a good thing too. Sarbanes-Oxley is so onerous that it has killed the IPO market for small firms. IIRC $3-5M in legal and accounting fees for the IPO and yearly 7 figure amounts for compliance.
- gstar 17y agoThoroughly agree. The costs of compliance are only so high because practitioners are supposedly scarce. The opportunity costs to industry have been much, much higher than the direct costs, though.
- kingkongreveng_ 17y agoSarbox is bad, but I think a lot of the reduction in IPOs is just a reversion to historical norms.
- wglb 17y agoNot only is the cost of the experts high, it causes expenditures of time and money all up and down the organization internally.